Recommended: 3 years after the ICO, Filecoin (FIL) rallies 118% upon listing (cointelegraph.com)
On Thursday Filecoin (FIL) began trading across major exchanges over three years after its initial coin offering

Upon listing, the token traded at wildly different prices across multiple exchanges and while the premium shows there is still an appetite for altcoins, investors interpreting the rallies from FIL and Polkadot (DOT) as the beginning of an altseason may be disappointed. 

Hours after trading began, top cryptocurrency exchanges including FTX, Binance, and Gemini announced that they would swiftly list the altcoin. Consequently, the token saw significantly different prices across platforms due to a combination of limited liquidity and supply.


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The 15-minute chart of Filecoin (FIL) after the FTX listing. Source: TradingView.com
Hours after the FTX integration, the FIL futures contract processed $150 million in trading volume. FTX CEO Sam Bankman-Fried said:

“$FIL has traded about $150m so far. Roughly 60% of the volume has been on FTX! Started around $30, went up to $80 on FTX and $200 on other exchanges, now around $40-$80 on various exchanges.”

Traders expect a boring fourth quarter


Historically, the fourth quarter has been relatively slow for the entire crypto market and in 2018 and 2019 BTC saw losses against the U.S. dollar during Q4.

Based on historical trends and what appears to be the end of an explosive multi-month rally, traders expect a drawn out consolidation phase as the next step for the crypto market. 

Michael van de Poppe, a full-time trader at the Amsterdam Stock Exchange, suggested that an altseason in early 2021 is most likely. He wrote:

“I do believe we'll be seeing a relatively boring and corrective quarter on the cryptomarkets. In history; $ETH frequently bottoms out in December, to start running the quarter after. $BTC dominance to run up, to have an altseason in Q1 2021. Continuing the patience.”
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    Francisco Gimeno - BC Analyst There has been a lot of comments on Filecoin listing. First due to the time needed to do so after their ICO, and also because how the listing was received in the exchanges by the investors. There is interest in Altcoins in a moment of economic uncertainties, in a changing crypto market where BTC and ETH continue to be leaders. We will see what happens until end of year with US elections results, and more institutions and companies investing in crypto.